Spain: Amendments to tax incentives under taxes on economic activities and real estate (Madrid)
The Madrid City Council approved amendments to tax incentives under taxes on economic activities and real estate.
Amendments to tax incentives under taxes on economic activities and real estate
The Madrid City Council on 22 December 2023 approved amendments to the ordinances regulating the tax incentives under the tax on economic activities (IAE) and the tax on real estate (IBI).
The amendments were published in the official bulletin of Madrid dated 28 December 2023 and became effective 1 January 2024.
Read a January 2024 report (Spanish) [PDF 621 KB] prepared by the KPMG member firm in Spain
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